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US dollar rebounds in the countdown to CPI

US dollar buying has picked up since the equity open, possibly on inflows into tech stocks. The bond market isn't doing much today with US yields fractionally lower across most of the curve and up 0.1 bps at the 10-year tenor. That's in contrast to the UK where 10s are up 6.2 bps and 2s are up 7 bps to 4.61%, which is the highest since Sept 2022.Despite that, cable is plunging down to 1.2524 from 1.2599 just three hours ago.I tend to think there is some repositioning going on ahead of what will... Read More

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Dollar

Rebounds

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Forex

Posted: Jun 12 2023, 13:50

Author Name: forexlive

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